Valhi, Kronos, NL Industries rise after chairman's death

|About: Valhi, Inc. (VHI)|By:, SA News Editor

A company's shares typically drop when its chairman dies, but Valhi (VHI +2.4%), Kronos Worldwide (KRO +9.3%) and NL Industries (NL +9.5%) all are moving higher after the death of Harold Simmons during the weekend.

The Texas billionaire was a controversial figure and often battled with federal regulators while running a holding company for companies that dealt in hazardous waste and toxic chemicals.